Proposed issue of Securities - RSG

RNS Number : 4336A
Resolute Mining Limited
21 January 2020
 

21 January 2020

Resolute Mining Limited

("Resolute" or the "Company")

 

Proposed issue of securities

 

Resolute Mining Limited (ASX/LSE: RSG) advises that an "Appendix 3B" form (Proposed Issue of Securities has been released to the Australian Securities Exchange).

 

A full PDF version of the announcement is available from the Company's website: https://www.rml.com.au/investors/asx-announcements/.

 

Contact Information

Resolute

John Welborn, Managing Director & CEO

Jeremy Meynert, General Manager - BD & IR

Telephone: +61 8 9261 6100

Email: contact@rml.com.au

Web: www.rml.com.au

Berenberg (UK Corporate Broker)

Matthew Armitt / Jennifer Wyllie / Detlir Elezi

Telephone: +44 20 3207 7800

 

Tavistock (UK Public Relations)

Jos Simson / Emily Moss / Annabel de Morgan

Telephone: +44 207 920 3150 / +44 778 855 4035

Email: resolute@tavistock.co.uk



About Resolute

Resolute is a successful, dividend paying gold miner with more than 30 years of experience as an explorer, developer and operator of gold mines in Australia and Africa which have produced more than 8 million ounces of gold. 

Resolute's guidance for FY20 is 500,000 ounces at an AISC of US$980 per ounce.

Resolute owns four gold mines and has a Global Mineral Resource base of more than 18 million ounces of gold. Its flagship asset is the world class Syama Gold Mine in Mali (Syama) which can produce more than 300,000 ounces of gold per annum from existing processing infrastructure. Resolute is currently commissioning the world's first fully automated underground mine at Syama which will deliver a low cost, large scale operation with a mine life beyond 2032. The Mako Gold Mine in Senegal is a high quality, low cost asset with average annual production of approximately 140,000 ounces of gold. The Ravenswood Gold Mine in Australia (Ravenswood) and the Bibiani Gold Mine in Ghana are existing large scale assets which provide Resolute with significant optionality, noting that definitive agreements have been entered into to sell Ravenswood for up to A$300 million.

Resolute trades on the Australian Securities Exchange (ASX) and the London Stock Exchange (LSE) under the ticker RSG.

Authorised by Mr John Welborn, Managing Director & CEO

 

ASX/LSE: RSG Capital Summary

Fully Paid Ordinary Shares: 903,153,734

Current Share Price (ASX):
A$1.18 as at 20 January 2020

Market Capitalisation: A$1.1 Billion

FY19 Guidance (to 31 December):

500,000oz @ AISC US$980/oz 

Board of Directors

Mr Martin Botha Non-Executive Chairman
Mr John Welborn Managing Director & CEO

Ms Yasmin Broughton Non-Executive Director

Mr Mark Potts Non-Executive Director

Ms Sabina Shugg Non-Executive Director

Mr Peter Sullivan Non-Executive Director

Contact

John Welborn Managing Director & CEO

Jeremy Meynert GM - BD & IR
Level 2, Australia Place | 15-17 William St
Perth, Western Australia 6000
T: +61 8 9261 6100 lign:left;font-family:Arial, Helvetica, sans-serif; font-size: 10pt;">


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